Filing Flows › Paccar (PCAR) › Q4 2025
Paccar (PCAR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 18, 2026
Paccar (PCAR) reported revenue of $6.8B for the fourth quarter 2025 (Q4 2025), -14% from a year earlier and +2% from the quarter before. Operating margin was 10.3%, net earnings $557M (8.2% of revenue).
Paccar, Q4 2025: revenue $6.8B (-14% year over year), operating margin 10.3%, net earnings $557M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.8B | +2% | -14% |
| Operating profit | $705M | -5% | -39% |
| Net earnings | $557M | -6% | -36% |
| Operating cash flow | $1.1B | -25% | -21% |
| Free cash flow | $954M | -30% | -21% |
What changed
Revenue was $6.8B in Q4 2025, down 14% year over year and up 2% from the previous quarter. Truck Parts and Other was the largest line at 92% of revenue.
Operating profit was $0.70B, a 10.3% margin (down 4.2 points year over year). Total costs fell 10% while revenue fell 14%. The fastest-growing cost line was Other operating costs (+19%). Net earnings were $0.56B, down 36% year over year. The effective tax rate was 21.0%.
Operating cash flow was $1.1B (down 21% year over year), 205% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items added $0.48B. Capital expenditures of $0.19B left free cash flow of $1.0B.
Questions
What was Paccar's revenue in the fourth quarter 2025?
Paccar (PCAR) reported revenue of $6.8B for the fourth quarter 2025 (Q4 2025), -14% from a year earlier and +2% from the quarter before.
Was Paccar profitable in the fourth quarter 2025?
Operating profit was $705M (10.3% of revenue) and net earnings $557M.
Source: Paccar 10-K on SEC EDGAR.